Cybersecurity spending climbs to $21.1 billion, driven by platform adoption

Global cybersecurity spending reached a total of $21.1 billion in the second quarter of 2024, representing a year-on-year growth of 9.9 per cent. 

Despite ongoing macroeconomic uncertainty, including political disruptions from elections and budget scrutiny, platform adoption across key vendors played a crucial role in maintaining robust growth, according to the latest data from Canalys, a technology industry analyst firm.

While the growth rate came in slightly below Canalys’ best-case forecast...